John King asked, "FEMA is about to run out of money, and there are some people who say do it on a case-by-case basis and some people who say, you know, maybe we're learning a lesson here that the states should take on more of this role. How do you deal with something like that?"

“Absolutely,” Romney said. “Every time you have an occasion to take something from the federal government and send it back to the states, that’s the right direction. And if you can go even further, and send it back to the private sector, that’s even better.”

“Including disaster relief, though?” King asked.

“We cannot — we cannot afford to do those things without jeopardizing the future for our kids,” Romney said. “It is simply immoral, in my view, for us to continue to rack up larger and larger debts and pass them on to our kids, knowing full well that we’ll all be dead and gone before it’s paid off. It makes no sense at all.”

Something to think about with Election Day on Tuesday and another Nor'easter heading to New York on Wednesday.